Acc 241 Exam #1 Practice Questions and Answers | 100% Pass
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Course
Accounting 241
Institution
Accounting 241
Acc 241 Exam #1 Practice Questions
and Answers | 100% Pass
Which of the following report to the audit committee of the Board of Directors?
A. The treasurer and controller
B. The CFO and internal audit department
C. The internal audit department and the independent CPA firm
D. The CFO and the ...
Which of the following persons or groups would be LEAST likely to receive detailed
managerial
accounting reports?
A. Plant managers
B. Current shareholders
C. Sales territory managers
D. CEO - ✔️✔️Correct-current shareholders
To resolve ethical dilemmas, the IMA suggests that management accountants should
FIRST:
A. follow their company's established policies for Reporting unethical behavior.
B. discuss the unethical situation with their immediate supervisor.
C. consult an attorney.
D. call the IMA "Ethics Hotline" . - ✔️✔️Correct-follow their company's established
procedures for reporting unethical behavior
SOX requires publicly traded companies to have ___________ assessed annually.
A. their internal control system
B. their financial Reporting procedures
C. their internal control system and financial Reporting system
2/9
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